American Biofuels Inc C.ABS.H

Primary Symbol: V.ABS.H

Energy Oil & Gas E&P

American Biofuels Inc. is a Canada-based company. The Company was engaged in the acquisition, exploration and development of oil and gas properties including biofuel resources in the United States and Canada. Its wholly owned subsidiary is 1205742 B.C. Ltd. The Company is primarily focusing on pursuing the acquisition of a business of merit.

TSXV:ABS.H - Post by User

American Biofuels Inc

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Post by Nemesis01on Jul 06, 2006 3:48pm

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Post# 11071045

NR will determine who is wrong or right

Here is my take, assuming good new of course: 1,000 barrels a day, so 50% for TAE = 500 barrels 500 barrels a day for a year = 182,500 barrels 182,500 barrels $75, current price of oil = $13,687,500 $13,687,500 per share = $0.23. That's a trading multiple of around 1:1 on this play alone. I think we will see $0.35 - $0.40 because the company is untested and not too many followers yet. Thoughts?

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Advancing flagship Ishkõday Gold Project in Ontario